Affiance Financial LLC decreased its holdings in shares of Invesco Financial Preferred ETF (NYSEARCA:PGF) by 6.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,167 shares of the exchange traded fund’s stock after selling 945 shares during the quarter. Affiance Financial LLC’s holdings in Invesco Financial Preferred ETF were worth $261,000 at the end of the most recent quarter.
A number of other hedge funds have also bought and sold shares of PGF. Aspire Private Capital LLC acquired a new stake in Invesco Financial Preferred ETF during the fourth quarter worth $25,000. Executive Wealth Management LLC acquired a new stake in Invesco Financial Preferred ETF during the fourth quarter worth $29,000. Deutsche Bank AG acquired a new stake in Invesco Financial Preferred ETF during the fourth quarter worth $63,000. GWM Advisors LLC increased its stake in Invesco Financial Preferred ETF by 432.3% during the first quarter. GWM Advisors LLC now owns 196,009 shares of the exchange traded fund’s stock worth $70,000 after acquiring an additional 159,186 shares during the last quarter. Finally, Meridian Wealth Management LLC acquired a new stake in Invesco Financial Preferred ETF during the first quarter worth $75,000.
Separately, Raymond James restated an “average” rating and set a $4.50 price target on shares of John Hancock Financial Opprts Fund in a research report on Thursday, May 9th.
Invesco Financial Preferred ETF Profile
PowerShares Financial Preferred Portfolio (the Fund) is a non-diversified fund. The Fund is based on the Wells Fargo Hybrid and Preferred Financial Index (WHPSF Financial Index) (the Index). The Index tracks the performance of the United States-listed securities issued by financial institutions. The Index is rebalanced monthly.
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